Market Overview - The A-share market experienced slight fluctuations, with the Shanghai Composite Index opening lower but turning positive in the afternoon, while small-cap growth stocks were relatively active [1] - The overall trading volume decreased to 1.23 trillion yuan, with more stocks rising than falling [1] Index Performance - Shanghai Composite Index: 3473.13, up 0.02% - Shenzhen Component Index: 10435.51, down 0.70% - ChiNext Index: 2130.19, down 1.21% - SSE 50 Index: 2731.53, down 0.33% - CSI 300 Index: 3965.17, down 0.43% - STAR 50 Index: 4978.29, down 0.66% - North Exchange 50 Index: 1401.92, down 0.93% [2] Sector Performance - Sectors with notable gains included power generation, real estate, and diversified finance, while sectors such as environmental monitoring, components, coal, and medical beauty saw declines [2] - Significant net inflows were observed in power equipment, public utilities, and computers, each exceeding 4 billion yuan, while sectors like electronics and pharmaceuticals experienced net outflows exceeding 2 billion yuan [2] Future Outlook - Huachuang Securities suggests maintaining patience in the short term while remaining optimistic in the medium to long term, as resource sectors related to central state-owned enterprises are currently undervalued and may see policy catalysts in the second half of the year [3] - Haitong Securities notes that recent trading sentiment has improved, leading to a "technical breakthrough" in the A-share market, although volatility may increase due to various external factors [3] Power Sector Highlights - The power sector showed strong performance, with the index reaching a new high for the year, driven by stocks like Huaguang Huaneng, which hit a 14-year high [3][5] - The energy sector, including storage, green power, and nuclear energy, saw significant gains, with multiple sub-sectors reaching historical highs [5] Weather Impact on Energy Demand - The Central Meteorological Observatory issued a yellow heat warning, with temperatures exceeding 35°C in several regions, leading to a rapid increase in electricity demand [7][8] - National Energy Administration reported a record peak electricity load of 1.465 billion kilowatts, an increase of approximately 200 million kilowatts since late June, with air conditioning usage accounting for about 90% of the load increase [8] - Guosheng Securities recommends focusing on the power sector, particularly thermal power and green energy operators with cost-reduction advantages [8]

Market Overview - The A-share market experienced fluctuations, with the Shanghai Composite Index closing up 0.02% and the ChiNext Index down over 1% [3][4] - A total of 3,255 stocks rose, while 1,978 stocks fell, with a total trading volume of 12,270.67 billion CNY [4][5] Electric Power Sector - Electric power stocks surged against the market trend, with companies like ShaoNeng Co., China Huadian Corp, and Shimao Energy hitting the daily limit [5][6] - The increase in electricity demand was driven by high temperatures across multiple regions, leading to a record high in national electricity load on July 4 [5] Charging Pile Sector - The charging pile sector saw significant gains, with companies like Aotexun hitting the daily limit [12][13] - A notice from the National Development and Reform Commission emphasized the need for scientific planning and construction of high-power charging facilities, aiming for over 100,000 such facilities by the end of 2027 [15][17] - The notice also highlighted the integration of charging facilities with local economic development and the importance of smart management and technology upgrades in the charging infrastructure [16][17] Real Estate Sector - Real estate stocks experienced a rally, with companies like Yuhua Development and Shahe Co. reaching their daily limits [8] - The Ministry of Housing and Urban-Rural Development called for accelerated construction of safe, comfortable, and green housing to stabilize market expectations and activate demand [8] Cross-Border Payment and Stablecoin Sector - Stocks related to cross-border payments and stablecoins showed volatility, with companies like Zhongyi Technology and Jingbeifang hitting the daily limit [7]

Market Performance - The A-share market showed mixed results with the Shanghai Composite Index up by 0.02%, while the Shenzhen Component and ChiNext Index fell by 0.7% and 1.21% respectively, with over 3200 stocks rising overall [1][3] Sector Performance - The shipbuilding, electric power, real estate, and internet e-commerce sectors performed strongly, while the biopharmaceuticals, weight loss drugs, and AI mobile phone sectors saw significant declines [1][3] Notable Stocks - Real estate stocks surged, with companies like Yucheng Development, Shahe Shares, and Nanshan Holdings hitting the daily limit, while others like Haitai Development and JinDi Group also saw gains [3] - Electric power stocks experienced a notable rally, with nearly 10 stocks including Shaoneng Shares and Huayin Electric reaching the daily limit [3] Stock Price Movements - Significant stock price increases included: - Disen Shares (+18.56% to 7.09) - Nanguang Technology (+14.72% to 35.46) - Shaoneng Shares (+10.07% to 6.12) - Huayin Electric (+10.02% to 6.70) - Shimao Energy (+10.01% to 21.00) [4] Capital Flow - Main capital inflows were observed in the real estate and banking sectors, while education and engineering machinery sectors experienced net outflows [5] - Individual stocks with notable net inflows included Qingdao Kingking, Tianyu Digital Science, and Hailian Jinhui, attracting 642 million, 611 million, and 514 million respectively [6] - Stocks facing significant net outflows included Zhongji Xuchuang, Xinyi Sheng, and Dongfang Caifu, with outflows of 692 million, 496 million, and 378 million respectively [7] Institutional Insights - Citic Securities highlighted the mid-year reporting period as a critical window for identifying structural opportunities, emphasizing the importance of performance-driven investments in sectors like solid-state batteries, copper, aluminum, and pharmaceuticals [8] - Guo Cheng Investment noted that small-cap stocks are under pressure due to new regulations on algorithmic trading, which may lead to decreased liquidity in this segment [8] - Zhongxin Jian Investment pointed out that the Shanghai Composite Index reached a new high since 2025, driven by improvements in macroeconomic conditions, market sentiment, and positive mid-year earnings forecasts [8]

Group 1 - The A-share power industry is experiencing a significant rise in stock prices, with Huayin Power achieving a remarkable five consecutive trading limits [1] - Several companies, including Shaoneng Co., Shimao Energy, YN Holdings, and Huadian Liaoning, have reached their daily price limits, indicating strong market performance [1] - The surge in electricity demand is attributed to ongoing high temperatures across multiple regions, driving up consumption [1]

Group 1 - The power sector saw significant gains in the afternoon, with multiple stocks hitting the daily limit up, including Huaguang Huaneng (600475), Xinhonggang (605162), Huadian Liaoning Energy (600396), and Shimao Energy (605028) [1] - Nearly 10 stocks experienced limit-up increases, indicating strong market interest and potential bullish sentiment in the power sector [1] - Other companies such as Southern Power Technology, Leshan Electric Power (600644), and Jiuzhou Group (300040) also showed upward movement, reflecting a broader trend in the industry [1] Group 2 - Dark pool funds are reportedly flowing into these stocks, suggesting increased institutional interest and potential for further price appreciation [2]

证券代码：605028 证券简称：世茂能源 公告编号：临2025-019 宁波世茂能源股份有限公司 关于上海证券交易所对公司 2024 年年度报告的信息 披露监管问询函回复的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 宁波世茂能源股份有限公司（以下简称"世茂能源"或 "公司"） 于近日收到上海证券交易所（以下简称：上交所）下发的《关于宁波 世茂能源股份有限公司2024 年年度报告的信息披露监管问询函》（上 证公函【2025】0448 号）（以下简称：《年报问询函》）。公司收 到《年报问询函》后高度重视，积极组织各方对所涉及的相关问题进 行逐项回复，现就问询函中提出的问题回复如下： 问题一： 年报显示，公司从事电力、热力生产和供应业，是以生活垃圾和 燃煤为主要原材料的热电联产企业，主要产品是蒸汽和电力。分业务 来看，2024 年电力销售收入 0.63 亿元，同比增长 19.06%；热力销售 收入 2.37 亿元，同比下降 6.30%；垃圾处理收入 0.39 亿元，同比下 降 8.20%；其他业务收入 0.21 亿 ...

目 录 | 一、关于收入变动……………………………………………………第 | 1-20 页 | | --- | --- | | 二、关于毛利率 ……………………………………………………第 | 20-28 页 | | 三、关于募投项目及在建工程 ……………………………………第 | 28-33 页 | 问询函专项说明 天健函〔2025〕399 号 上海证券交易所： 由宁波世茂能源股份有限公司（以下简称世茂能源公司或公司）转来的《关 于宁波世茂能源股份有限公司 2024 年年度报告的信息披露监管问询函》（上证 公函〔2025〕0448 号，以下简称问询函）奉悉。我们已对问询函中需要我们说 明的财务事项进行了审慎核查，现汇报说明如下。 一、关于收入变动 (1) 电力、热力、垃圾处理业务的供产销模式 世茂能源公司是以生活垃圾和燃煤为主要原材料的热电联产企业，主要产品 是蒸汽和电力，为客户提供工业用蒸汽并发电上网。公司在优先保证园区供热需 求的前提下，合理安排锅炉产汽量及汽轮机配置，蒸汽进入汽轮机推动其进行发 电并排出蒸汽用于供热。 1) 采购模式 世茂能源公司生产经营过程中主要原材料包括燃煤和垃圾，燃煤由公司自行 采购； ...

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：605028 证券简称：世茂能源 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 重要内容提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存在虚假 记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务信息的真 实、准确、完整。 第一季度财务报表是否经审计 □是 √否 一、主要财务数据 (一)主要会计数据和财务指标 单位：元 币种：人民币 ■ (二)非经常性损益项目和金额 √适用 □不适用 单位:元 币种:人民币 ■ 对公司将《公开发行证券的公司信息披露解释性公告第1号一一非经常性损益》未列举的项目认定为非 经常性损益项目且金额重大的，以及将《公开发行证券的公司信息披露解释性公告第1号一一非经常性 损益》中列举的非经常性损益项目界定为经常性损益的项目，应说明原因。 √适用 □不适用 单位：元 币种：人民币 ■ (三)主要会计数据、财务指标发生变动 ...

Financial Performance - The company's basic earnings per share for Q1 2025 is 0.2100 yuan, a decrease of 4.55% compared to Q1 2024, which was 0.2200 yuan, and down from 0.2500 yuan in Q1 2023 [1] - The operating revenue for Q1 2025 is 0.77 billion yuan, reflecting a decline of 16.3% from 0.92 billion yuan in Q1 2024 and a decrease from 0.87 billion yuan in Q1 2023 [1] - The net profit for Q1 2025 is 0.33 billion yuan, down 5.71% from 0.35 billion yuan in Q1 2024 and lower than 0.41 billion yuan in Q1 2023 [1] - The return on equity for Q1 2025 is 2.52%, a decrease of 4.18% from 2.63% in Q1 2024 and down from 3.44% in Q1 2023 [1] Shareholder Structure - The top ten unrestricted shareholders hold a total of 12,246.2 million shares, accounting for 76.54% of the circulating shares, with a change of 175,800 shares from the previous period [2] - Ningbo Shimao Investment Holdings Co., Ltd. remains the largest shareholder with 9,600.00 million shares, representing 60.00% of the total share capital, unchanged from the previous report [2] - New entrants among the top shareholders include Xing Jucheng, Fan Zukang, Kang Jiaqi, and Xu Yinzhe, while several previous shareholders have exited the top ten list [2] Dividend Distribution - The company has announced that there will be no distribution or transfer of dividends this time [3]

Financial Performance - The company's operating revenue for Q1 2025 was ¥77,272,501.07, a decrease of 16.14% compared to ¥92,146,736.03 in the same period last year[3] - Net profit attributable to shareholders was ¥33,423,800.59, down 3.42% from ¥34,607,359.55 year-on-year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 35.66%, amounting to ¥21,854,626.93 compared to ¥33,967,839.58 in the previous year[3] - The company's operating revenue for Q1 2025 was ¥77,272,501.07, a decrease of 16.1% compared to ¥92,146,736.03 in Q1 2024[19] - The net profit for Q1 2025 was ¥33,423,800.59, down 3.4% from ¥34,607,359.55 in Q1 2024[19] - The basic and diluted earnings per share for Q1 2025 were both ¥0.21, compared to ¥0.22 in Q1 2024[20] Cash Flow and Assets - The net cash flow from operating activities increased by 20.65%, reaching ¥33,598,942.86, up from ¥27,847,274.79 in the same period last year[3] - The operating cash flow net amount for Q1 2025 was ¥33,598,942.86, an increase of 20.0% compared to ¥27,847,274.79 in Q1 2024[22] - Cash and cash equivalents dropped significantly from CNY 165,162,517.41 to CNY 95,262,070.78, a decline of approximately 42.25%[13] - The company experienced a cash decrease of ¥76,854,771.63 in Q1 2025, contrasting with an increase of ¥3,243,224.32 in Q1 2024[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,474,812,995.28, a decrease of 6.10% from ¥1,570,542,003.81 at the end of the previous year[4] - The company's current assets decreased to CNY 578,681,418.96 from CNY 669,779,879.46, representing a reduction of about 13.61%[15] - The total liabilities decreased to ¥162,109,725.43 in Q1 2025 from ¥195,262,534.55 in Q1 2024, reflecting a reduction of 17.0%[16] - The total equity decreased to ¥1,312,703,269.85 in Q1 2025 from ¥1,375,279,469.26 in Q1 2024, a decline of 4.5%[16] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 13,085[8] - The largest shareholder, Ningbo Shimao Investment Holding Co., Ltd., holds 60.00% of the shares, totaling 96,000,000 shares[9] - The company has a significant shareholder structure, with six natural persons controlling 75.00% of the shares, indicating a concentrated ownership[11] - There were no changes reported in the participation of major shareholders in margin trading or securities lending activities[12] Non-Recurring Gains and Expenses - The company recognized non-recurring gains of ¥11,569,173.66, primarily from government subsidies and investment income[6] - The company's research and development expenses for Q1 2025 were ¥2,486,072.44, down 22.1% from ¥3,233,875.69 in Q1 2024[19] - The financial expenses for Q1 2025 showed a significant improvement, with a net income of -¥256,623.22 compared to -¥2,064,173.69 in Q1 2024[19] Operational Challenges - The decrease in operating revenue was attributed to a decline in heat sales volume and selling price[7] - The company's fixed assets decreased from CNY 744,138,937.16 to CNY 726,666,881.59, a decline of approximately 2.34%[15] - The non-current assets slightly decreased from CNY 900,762,124.35 to CNY 896,131,576.32, a reduction of about 0.74%[15] - The total liabilities increased, with accounts payable rising from CNY 91,419,882.25 to CNY 60,219,678.52, indicating a significant change in the company's short-term obligations[15] - The company reported a notable increase in prepayments from CNY 1,276,811.63 to CNY 5,146,486.70, reflecting a growth of approximately 303.36%[15]